When looking at the accounting for notes payable, what is a key difference between the entry at

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When looking at the accounting for notes payable, what is a key difference between the entry at issuance, to accrue interest, and maturity/repayment? Select answer from the options below There is no cash flow impact due to the entry at maturity/repayment, but the entries at issuance and interest accrual do impact cash flow. All entries have a cash flow impact. There is no cash flow impact due to the adjusting entry made to accrue interest, but the entries at issuance and maturity/repayment do impact cash flow. The entries at interest accrual and maturity/repayment impact cash flow, but the entry at issuance does not impact cash flow

Posted Date: May 18, 2024 11:20 AM

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When looking at the accounting for notes payable, what is a key difference between the entry at

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